681 N Main St

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681 N Main St

Norwich, CT 06360
Asking Price
$495K
Cap Rate
9.39%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

9.4% In-Place Cap with Upside to 11%+ <p>~9.4% in-place cap rate (strong day-one yield)</p><p>11.46% projected cap rate at stabilization</p><p>Fully occupied 4-unit with consistent cash flow</p><p>Tenant-paid utilities with low expense structure</p><p>Rent growth to $72K stabilized income</p>

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NOI
$80,000
Cap Rate
16.16%
DSCR
2.72
Strong
Cash-on-Cash
34.08%
Monthly Payment
$2,448.99
Annual Cash Flow
$50,612.121

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